is Business online is OK to do without license?

lotus Star Light Contributor

Member since 09 May 2013

lotus Star LightContributor29 September 2015 16:41:29

111

Hi everybody

I planned to do Business online, but I really scared after I read accidently in Malaysian online forum that doing Business聽 online is illegal without license for Malaysian, and the fine like 500000 RM and even could extend to jail!!!

and for malaysian they must take license from SSM..However, I tried to search how foreigner can go with this, and I find absolutely no information on how foriegner can take license, nor the penalty of caught doing so

I am confused about the issue and would like to hear from the experts here in Malaysia about this thing, and for the one who already has done online business here

Thanks

Tamer eraki Member

Member since 25 September 2015

Tamer erakiMember29 September 2015 18:39:21

So do I

lotus Star Light Contributor

Member since 09 May 2013

lotus Star LightContributor29 September 2015 18:57:18

111

Tamer eraki wrote:
So do I

do what?

lotus Star Light Contributor

Member since 09 May 2013

lotus Star LightContributor29 September 2015 19:48:47

111

Please I need information..its a serious matter

Nemodot ViP

Member since 03 April 2011

NemodotViP04 October 2015 13:51:01

2127

You are confusing several issues.

Any business must be registered. If you dont then fined. Rules same if online or real.

Online business is a business. Any money you make online is business income and must be declared for tax purposes. You must register the business for tax purposes. An 暗网禁区 cant be a sole trader so I read somewhere but check.

It must be legal eg no gambling or immoral business.

You will need an employment pass (for this business as they are specific) unless you have PR or the new talent corp ten year visa.

Being online doesnt exempt you from the law!

anaishana Active member

Member since 01 October 2015

anaishanaActive member05 October 2015 13:47:34

My advise better you register your business even it is just online business . Most of malaysian didnt register their business but they take the risk .